Crypto exchange Coinbase says it played a “key role” in supporting a US Secret Service investigation that resulted in the seizure of $225 million linked to crypto investment scams earlier this month. On June 18, the Department of Justice filed to seize more than $225 million in crypto recovered by the Secret Service that was…
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The US Federal Reserve said it has directed its supervisors to no longer consider “reputational risk” in its oversight of banks, which the crypto industry had long argued was used to unfairly target and debank crypto firms. Industries deemed risky face significant challenges in establishing or maintaining banking relationships, and this was seen driving the…
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The shuttering of major crypto darknet marketplace Huione Guarantee has seen its users flock to at least 30 successors, with one marketplace doubling its user base since May. Huione Guarantee shut down in May after Telegram banned thousands of its associated accounts and channels. Elliptic said in a report on Monday that in the aftermath…
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Lawyers acting for the collapsed crypto exchange FTX have rebuked a $1.53 billion recovery claim from Three Arrows Capital’s liquidators, arguing the losses result from a risky trading strategy that should not be paid for by creditors. Three Arrows Capital expanded claim approved by judge 3AC liquidators initially filed a $120 million claim in FTX’s…
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Memecoins promoted by political figures like Donald Trump, lax regulations, and crypto court cases abandoned by US regulators have kicked off a crypto “crime supercycle,” say a pair of blockchain crime investigators. Blockchain investigator ZachXBT posted to X on Thursday that crypto has historically been ripe for abuse, but that has “noticeably increased since politicians…
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Retail traders’ sentiment toward Bitcoin is a near-even split between those who think it will fall and those who believe it will gain, as attitudes to the cryptocurrency are at a low last seen in April when Donald Trump’s global tariffs reveal tanked global markets. Crypto research platform Santiment marketing director Brian Quinlivan said on…
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The tiny Pacific nation of Nauru has passed legislation to establish a dedicated virtual asset regulatory authority covering crypto, digital banking and Web3 innovation, aiming to become a crypto hub. Nauru is a western Pacific Island sovereign state in Micronesia, northeast of Australia, with an estimated area of 21 square kilometers and a population of…
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The central bank of Iran has reportedly imposed strict operating hours on its domestic crypto exchanges following a $100 million exploit on Nobitex by a pro-Israel hacker group. In a blog post on Wednesday, Chainalysis cited reports saying domestic crypto exchanges in Iran are now limited to operating hours between 10 am and 8 pm. …
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Europol has shuttered one of the longest-running dark web marketplaces, Archetyp Market, but blockchain intelligence firm TRM Labs says the marketplaces are highly adaptive to shutdowns. Europol said on Monday that it shut down Archetyp Market’s main infrastructure in the Netherlands through a series of raids involving six countries. Key Archetyp personal and technical infrastructure…
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Venture capital firm Paradigm has filed an amicus brief in support of Tornado Cash co-founder Roman Storm, arguing the jury needs to be properly briefed on the law’s definition of what operating a money-transmitting business involves. Jury needs the full context of the law In its amicus brief, filed in a New York District court…
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